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Amen Properties Inc - AMEN STOCK NEWS

Welcome to our dedicated news page for Amen Properties (Ticker: AMEN), a resource for investors and traders seeking the latest updates and insights on Amen Properties.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Amen Properties's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Amen Properties's position in the market.

Rhea-AI Summary
Amen Properties, Inc. (AMEN) announced financial results for 2023, with revenue of $3.7 million and net income of $2.0 million, down from $4.1 million and $3.4 million in 2022 due to lower commodity prices. The Board approved a $10.00 quarterly dividend and a $3.85 special dividend for tithing. Amen will no longer hedge oil and gas royalties.
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Rhea-AI Summary
Amen Properties, Inc. (Pink Sheets: AMEN) reported a decline in revenue and net income for the quarter ended September 30, 2023, compared to the same period in 2022. The company's revenue was $932 thousand with a net income of $495 thousand, down from $1.2 million in revenue and $1.1 million in net income in 2022. The decline in profitability was attributed to decreases in commodity prices. Additionally, the Board of Directors approved a quarterly dividend of $10.00 per share, to be paid to shareholders of record on December 27. The company also announced a decision to no longer hedge the revenue stream associated with its oil and gas royalties, advising shareholders to pursue their own hedging strategy if they are uncomfortable with the risk. The full report is available for viewing or download from the company’s website – www.amenproperties.com.
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Amen Properties, Inc. announces Q2 2023 financial results with revenue of $1.2M and net income of $637K, a decline compared to Q2 2022. Board approves quarterly dividend of $10.00 per share. Company will no longer hedge oil and gas royalties.
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0.77%
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Amen Properties Inc

OTC:AMEN

AMEN Rankings

AMEN Stock Data

27.90M
Lessors of Nonresidential Buildings (except Miniwarehouses)
Real Estate and Rental and Leasing
Link
United States
Richardson

About AMEN

amen properties, inc. owns oil and gas royalty and working interests in various oil and gas properties in the united states. it holds interests in oil gas and gas royalties through its ownership of sff royalty, llc; and 100% interests in sff production, llc. the company was formerly known as crosswalk.com, inc. and changed its name to amen properties, inc. in october 2002. amen properties, inc. was incorporated in 1993 and is based in richardson, texas.